Finance News – Page 191
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NewsODA bosses claim £56,000 in expenses
Construction director claims most while chief exec spent just £99 entertaining
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Banks to shelve Crest sale in favour of refinancing
Debt restructuring deal preferred after Horizon’s £335m bid for housebuilder deemed too low
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Breaking the shackles: Unlocking finance for housebuilders
Crest Nicholson’s proposed refinancing deal could be the first of a wave of debt restructuring at the large privately held housebuilders over the next few months
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NewsFison eyes sub-£20m jobs as turnover falls 7%
“They’re not the world’s finest results,” says David Fison, Osborne’s chief executive, before adding that they were “a step in the right direction”.The principal disappointment was the £22m fall in turnover: the contractor did £311m of business in the year to March 2010, compared with £333m in the previous 12 ...
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NewsUproar over six-figure bonuses for Network Rail chiefs
PM and unions unimpressed at outgoing chief Iain Coucher’s £641,000 top-up
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NewsConnaught launches internal investigation into share dealings
The troubled housing maintenance group is to investigate share sales made before last month’s profits warning
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NewsSpeedy cautious on recovery as turnover falls
Plant hire firm says coalition’s Autumn spending review would be critical to future of business
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NewsCircle Anglia awards £200m Merton homes contract
Apollo, Wates and Vinci win contract for decent homes and maintenance work in Merton
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NewsBanks turn down £350m offer for Crest Nicholson
Offer from venture fund Horizon did not reflect Crest’s true value, according to reports
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NewsThreat of of double-dip slump grows by the day
Commercial development re-enters decline, Spending cuts hit contractor confidence, Job losses could reach 100,000 this year
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NewsKier dodges schools cutbacks
Kier chief executive Paul Sheffield has predicted that his firm will be unaffected by cuts to the government’s investment in schools and predicted the firm’s outgoing financial director would be “swamped” with opportunities
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NewsLow & Bonar posts £8m profit
Product supplier returns round £5.8m loss and reveals £700,000 spend on Abu Dhabi factory
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NewsDTZ slashes losses after restructure
Estate agency reports £3.6m operating profit and cuts losses from £80m to £23m after major restructuring
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NewsCommercial development falls in June
Savills survey of commercial developers shows first downturn in three months after dramatic cut in public sector spending
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NewsHyder reveals positive start to year
Engineering giant says trading from April to July was slightly ahead of expectations
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NewsKier group finance director to step down
Deena Mattar is to be replaced by Balfour Beatty’s Haydn Mursell in November
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Bovis Homes reports 6% rise in house sales
Housebuilder boosts land bank in first six months of year with purchase of land for 4,400 new homes
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NewsCyril Sweett buys biggest QS in Asia
Consultant plans expansion into China with aquisition of Hong Kong-based Widnell
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NewsClient caution takes toll on Cyril Sweett order book
Chief executive points to stage-by-stage commitment to projects as orders fall 20%
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Arup boss: Brace yourself for a tough year and more takeovers
Philip Dilley, the chairman of Arup, has forecast further takeovers and a “tougher” year as consultants are hit by cuts in public sector spending.Dilley, who took over at Arup in April 2009, said the recent spate of takeovers of British consultants by US firms, such as URS’ takeover of Scott ...